BAKU, Azerbaijan, August 14. A total of 859 hotels and hotel-type facilities were in Azerbaijan in 2024.
The data obtained by Trend from the State Statistics Committee shows that
this metric experienced an increment of 50 units, translating to a
6.2 percent escalation from the baseline year of 2023.
In the interim, the fiscal performance of hospitality
establishments and analogous accommodations for the year 2024
reached an impressive 694.2 million manat ($408.3 million),
reflecting a substantial increment of 205.3 million manat ($120.7
million), or a notable 42 percent surge compared to the preceding
year's metrics.
During the fiscal reporting period, a total of 38.4 million manat
(equivalent to $22.5 million) was remitted to the budget in tax
revenues, reflecting an increase of 5.2 million manat
(approximately $3 million), or a growth rate of 17.6 percent
compared to the preceding year.
